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UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Halliburton Company, maturing on or about February 24, 2028. The Notes pay a contingent coupon only if the underlying stock closes at or above a coupon barrier on observation dates and will be automatically called early if the stock closes at or above the initial level on any observation date prior to the final valuation date. If not called and the final level is below a downside threshold, principal repayment may be reduced, potentially to zero; all payments are subject to the creditworthiness of UBS.
Key mechanics include a trade date of February 20, 2026, settlement on February 24, 2026, final valuation date February 22, 2028, and maturity on February 24, 2028. Minimum investment is 100 Notes at $10 per Note. Example terms show a hypothetical contingent coupon rate of 12.75% per annum and an estimated initial value range of $9.39 to $9.64 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of lululemon athletica inc., with a target maturity on or about February 24, 2028. The notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and can be automatically called early if the underlying closes at or above the initial level on an observation date.
The offering sets a minimum purchase of 100 Notes at $10 per Note (principal amount $1,000). The estimated initial value range on the trade date is between $9.43 and $9.68. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above a downside threshold (example shown: 70% of initial level); if below, repayment declines in line with the underlying return and you may lose a significant portion or all of your investment. Any payments are subject to the creditworthiness of UBS AG.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Marvell Technology, Inc. stock due on or about February 24, 2028. The Notes pay contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above a 50.00% downside threshold; if below, repayment falls in proportion to the underlying return and could result in a full loss of principal.
The preliminary terms include a sample contingent coupon rate of 14.08% per annum and example contingent coupon payments; trade date is February 20, 2026, settlement February 24, 2026, final valuation date February 22, 2028. Estimated initial value range is between $9.43 and $9.68 per $10 Note as of the trade date.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. The notes have a Final Valuation Date of February 22, 2028 and a Maturity Date of February 24, 2028. The principal amount per Note is $10 and the estimated initial value on the trade date was $9.77.
The notes pay periodic contingent coupons only if the underlying closing level meets or exceeds the coupon barrier on observation dates; they are automatically called early if the underlying closes at or above the initial level on an observation date, in which case holders receive principal plus any contingent coupon due. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold, holders suffer a loss equal to the underlying return and could lose all principal. All payments are subject to the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dollar General Corporation due February 24, 2028. The Notes pay a contingent coupon on each coupon payment date only if the underlying stock closes at or above the coupon barrier on the observation date. UBS will automatically call the Notes early if the underlying closes at or above the initial level on any observation date prior to the final valuation date; in that case investors receive principal plus any contingent coupon then due. If the Notes are not called and the final level is below the downside threshold, maturity payment will be reduced proportionally to the underlying return and could result in the loss of all principal. The Notes are unsecured obligations of UBS, not FDIC insured, offered in minimum investments of 100 Notes (representing $1,000); the estimated initial value per $10 Note was $9.78 as of the trade date. Trade date: February 20, 2026; settlement date: February 24, 2026.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Fluor Corporation stock due February 24, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on an observation date.
If not called, repayment at maturity depends on the final level relative to a downside threshold: if the final level is at or above the threshold, principal is returned; if below, investors suffer a loss proportional to the underlying return and could lose the entire principal. All payments are subject to UBS credit risk.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of MercadoLibre, Inc. The Notes mature on February 26, 2029 and pay contingent coupons only when the underlying closing level on observation dates meets or exceeds the coupon barrier.
If the Notes are automatically called because the underlying closing level reaches or exceeds the initial level on an observation date, UBS will pay principal plus any contingent coupon on the related call settlement date and the Notes will terminate. If not called, repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise repayment is reduced by the underlying return, and investors could lose a substantial portion or all of their investment. Payments are subject to the creditworthiness of UBS. The offering has a minimum investment of 100 Notes (principal $1,000) and an estimated initial value of $9.70 per Note as of the trade date.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., due on or about February 24, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on any observation date.
The Notes feature a contingent repayment of principal at maturity: if not called and the final level is below the disclosed downside threshold, repayment at maturity may be less than the principal amount, potentially producing a loss equal to the underlying return. Trade date is February 20, 2026, settlement date is February 24, 2026. Minimum purchase is 100 Notes at $10 per Note. The preliminary estimated initial value range is $9.42 to $9.67. Example contingent coupon shown is 9.54% per annum.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dollar General Corporation due on or about February 24, 2028. The preliminary pricing supplement sets the trade date as February 20, 2026 and the expected settlement date as February 24, 2026.
The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on each observation date and are automatically called if the underlying closes at or above the initial level on an observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above a downside threshold of 70.00% of the initial level; if below that threshold, investors suffer a loss equal to the underlying return (examples show a potential payment of $4.20 per $10 Note in an adverse scenario).
UBS AG offers $500,000 Trigger Yield Notes linked to the common stock of Adobe Inc., due February 24, 2028. The notes pay a fixed coupon each payment date regardless of Adobe's performance and provide contingent repayment of principal at maturity based on the final level versus a downside threshold.
If the final level is at or above the downside threshold, UBS will repay the $10 principal per Note plus the coupon. If the final level is below the downside threshold, the cash payment at maturity will equal $10 x (1 + Underlying Return), causing a loss equal to the percentage decline in the underlying asset; in extreme cases you could lose all principal. The offering term is approximately 24 months with a coupon rate illustrated at 11.09% per annum (quarterly coupon ~$0.2773 on a $10 Note). The estimated initial value is $9.88 and minimum investment is 100 Notes (representing $1,000). All payments, including any principal repayment, are subject to the creditworthiness of UBS AG.